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Oct 2, 2012
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government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're
government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how...
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Oct 5, 2012
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it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative faction try to push the blame for this on to ahmadinejad's government. and we've seen already that from various stapts. but what it does do is allow those that are heavily involved in the revolutionary guards to continue profiting from iran's isolation. what we're not seeing yet is the significance to change around the nuclear program which is ostensibly the aim of international sanctions. >> so who are the population blaming for higher inflation and access to -- are they blaming the government or are they blaming foreign countries? >> they know it that the governme
it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative...
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Oct 10, 2012
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government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though, bob mckey. bob, you're here with us, chief economist from independent strategy. i guess let's just begin by talking a little bit about some of these headlines that we're hearing from the imf regarding financial stability. obvious, i guess, to sort of draw attention to this issue, but in your mind, is there still lingering risk out there from the lack of reform, i guess, in some areas of the industry? >> i think what the global stability report is showing -- it's the third report the imf brings out at this semiannual meeting. everybody
government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now...
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Oct 3, 2012
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because the government changes took the shine off the sector. we know it's a very expensive industry that requires a lot of capital at the early phase. do you think the investment banks are willing to run the ticket on this because of the dynamics that play out in the sector? >> there is a bit of concern there with funding. but at the end of day, across europe, we're committed to reducing our carbon generating capacity, and the only way we can do that is through the construction of low carbon generating power stations and nuclear is one of those solutions. >> thank you very much for joining us today, scott parker on set with us today. >>> a move to raise cash and reduce a debt pile, the spanish telecomgiant says it has not decided what percent of capital it will float, but it does plan a controlling stake in the company. telecom has confirmed it's in discussions to combine with smaller rival metro pcs. deutsche telecom could come a step closer to exiting the market. they moved to call speculation saying significant issues were still outstanding
because the government changes took the shine off the sector. we know it's a very expensive industry that requires a lot of capital at the early phase. do you think the investment banks are willing to run the ticket on this because of the dynamics that play out in the sector? >> there is a bit of concern there with funding. but at the end of day, across europe, we're committed to reducing our carbon generating capacity, and the only way we can do that is through the construction of low...
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Oct 4, 2012
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the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be over dependent on subsidies. and we have to diversify the economy. especially in terms of government revenue. and this is what we're going to do. we are creating more and more growth industries that will give us a strong financial base later on. >> the future of made laid i can't, the plan to transform it, let me ask you in order to chief that target, that goal, how important are these upcoming elections for you and how important is it that you receive a freshman date? >> i'd like to have a strong mandate because to achieve our vision of a fully developed natio
the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be...